ENMI33
Module 33: Potash Economics (Optional)
Outcome
Examine the marketing and economic value of potash in Saskatchewan.
Indicators
(a) Explore how the political stability of Canada attracts investors to the potash industry.
(b) Identify the top potash importing countries based on total tonnage.
(c) Identify the publicly traded and privately owned potash companies operating in Saskatchewan.
(d) Analyze the factors which influence potash prices such as product supply and demand, importing and exporting countries, societal changes and economic conditions.
(e) Investigate Canada’s trade agreements with respect to the purchase and sale of potash, the impact on potash corporations and supply management.
(f) Explore the historical development of the potash industry by private companies and government corporations.
(g) Describe the importance of publicly traded companies’ environmental, social and governance (ESG) commitments, responsibility to shareholders and requirements of public disclosure.
(h) Summarize the connection of the potash industry to other support industries.
(i) Describe how the potash industry has a significant impact on local communities and provincial and national governments through resource and personal taxes, labour force and royalties.
(j) Explore the economics of potash marketing, including the systems governing price setting and government incentives.
(k) Explore the history of successful and unsuccessful alliances between potash companies and Indigenous companies and communities.
(l) Discuss the role of government incentives in the economic development of an oil and gas project in a booming and down-turning market.
(m) Compare the cost of production for potash in Saskatchewan to other parts of Canada and the world.
(n) Discuss the impact of world events (e.g., war, major disaster and economic recession) on the potash market and local economy.
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